Cryptocurrency

Regulatory Compliance of Cryptocurrency: A Comparative Analysis of Nigeria Law vis- a-vis Global Law

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Cryptocurrency is a digital or virtual currency using cryptography for security. It is a decentralized network based on blockchain technology, independently of any central banks or financial institutions. Cryptocurrency is of importance as the technology is advancing, and existing only electronically without physical coins or notes is one of its core features. It peer-to- pear … Read more

Ex-US president Donald Trump unveils new Crypto platform

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Former US president Donald Trump along with his sons and entrepreneurs have launched a cryptocurrency platform. The platform named World Liberty Financial was launched late Monday, September 16, 2024, during a two-hour online presentation. It was said that World Liberty Financial intends to offer services based on so-called decentralized finance, a mechanism that eliminates the … Read more

Court freezes N548.6 Million belonging to ‘ByBit, KuCoin’ Nigerian crypto users

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Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has secured an order from the Federal High Court to freeze N548.6 million in bank accounts belonging to suspected crypto users on platforms like ByBit, KuCoin, and others, based on their alleged role in naira fluctuations. The motion, dated September 3, 2024, which the court … Read more

What You Need to Know About Tapswap as Coin sets to Launch

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The cryptocurrency community is buzzing with excitement as the highly anticipated launch of Tapswap Coin ($TAPS) approaches on May 30, 2024. Participants in Tapswap’s Telegram bot mining program have eagerly awaited this date, marking their first opportunity to cash out accumulated rewards. However, understanding the nuances of this launch is crucial for managing expectations and … Read more

More Trouble for Binance as lawmakers summon CEO Over Fresh Allegations

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New problems arise for Binance as lawmakers ask CEO to appear regarding accusations of terrorism financing and tax evasion Binance, the popular global cryptocurrency exchange, faces fresh challenges as the House of Representatives Committee on Financial Crimes has requested CEO Richard Teng of Binance Holding Limited to address allegations of involvement in terrorism financing, money … Read more

SEC Imposes Ban On Binance Operation in Nigeria

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sec imposes ban on binance operation in nigeria

A crypto currency exchange platform popularly known as Binance has been banned from operation in Nigerian by the Federal government The imposition on the operations of Binance Nigeria Limited is was revealed in a circular issued by the Securities and Exchange Commission. The commission directed Binance to “immediately stop soliciting Nigerian investors in any form … Read more

Nigerian Govt. Okays Use Of Blockchain Technology

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The federal government of Nigeria under the leadership of President Muhammadu Buhari has finally adopt in approval, the use of blockchain technology while adopt the national policy. This was disclosed by the Minister of Communications and Digital Economy, Professor Isa Pantami, after the Federal Executive Council meeting in Abuja this week. Pantami said the new … Read more